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The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply
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MSRP: $24.95
Your Price: $16.47
Savings: $ 8.48 ( 34% )
Shipping: Usually ships in 24 hours
Manufacturer: Atlantic Publishing Company (FL)
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Additional The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply Information
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In every hour of each day, savvy real estate investors are accumulating vast fortunes buying foreclosed homes at bank foreclosures, pre-foreclosures, and foreclosure auctions. Recent research indicates that more than 1 percent of ALL residential property in the United States today is already in; or facing foreclosure soon. In April 2006 RealtyTracTM , the leading online marketplace for foreclosure properties, released its 2006 Q1 U.S. Foreclosure Market Report, which showed that 323,102 properties nationwide entered some stage of foreclosure in the first quarter of 2006, a 38 percent increase from the previous quarter and a 72 percent year-over-year increase from the first quarter of 2005. The nation s quarterly foreclosure rate of one new foreclosure for every 358 U.S. households was higher than in any quarter of last year. There is an estimated 1 million plus homes being foreclosed on. Armed with the right knowledge and tactics, opportunities for buying low-cost real estate foreclosures are plentiful. There are a lot of things you need to know before you get started. You need to understand how the foreclosure process works, what the borrower is going through, and the lenders role. You will be taught everything you need to know to locate and purchase real estate bargains from banks, public auctions, and other sources. Whether you are a first-time homeowner or an experienced property investor, this is a tremendous guide for buying pre-foreclosed homes in any market. You will learn the simple formula (developed from real-life experience) that can build massive wealth through real estate foreclosures. You will learn how to: negotiate with homeowners in distress, prepare contracts and paperwork, determine the true market value of the property, creative techniques to finance properties, learn how to flip the property, locate one-of-a-kind properties, negotiate with sellers, research, auctions, estimate repair costs, eliminate, obtain REO, use online resources, look up owners contact information, communicate with property owners, write ads, how to receive pre-foreclosure information, options, and more. This brand new book is the resource for novices and pros alike; it will guide you through every step of the process including finding properties, negotiating, and closing on your first deal. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away. This book gives you the proven strategies, innovative ideas, and case studies from experts to help you get more with less time and effort.
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What Customers Say About The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply:
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I picked up this book because I read another book, The Pre-Foreclosure Real Estate Handbook, by the same author. Banks are more eager to sell foreclosed properties than ever before. While the other book focused on only pre-foreclosures, meaning you buy the property before it is actually taken back by the bank. In this book, the author focuses on different stages of foreclosures meaning that you buy the properties before the auction, at the auction, or after the auction.I think that today with the foreclosures reaching a record high, there are plenty of opportunities to put the knowledge from this book to work. - Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market. Learn how to invest your money, how to pick stocks, and how to make money in the stock market
I have not purchased a Forclosure yet, but I'm interested in the process. This is a great book to learn about the process at a high level, as well as get refernce website links for continued research. It's a very easy read and will save you a lot of up front time and money. I would have liked a little more detail, thus the 4 stars.
To the experienced real estate investor, a lot of the ideas in this book are already familiar and redundant but overall I am pleased with this book. Introducing readers to the different types of procedings involved in the pre through post foreclosure process and how one can score deals and profits any time in the process, i love how we are constantly reminded that we are making profits based on other people's misfortunes. It is by all means, not an "explain it all book" on foreclosures.But like what most previous reviews have already stated, a great book tostart. The author's writing style is very easy to read & understandand just as his title reads "explained simply". Very to the point and 100% true.If your interested in learning about or new to foreclosures and looking to capitilize on the coming tide, or should i say TSUNAMI of foreclosure opportunities, this book is a MUST READ and a perfect place to build a foundation. Good luck, fellow real estate investors and happy hunting.
But it lacks the entrepreneurial spirit found on RE books. This was my first foreclosure real estate book I've purchased. This book feels like reading a college text book. Don't get me wrong, the information presented in this book was great and accurate. The problem that I had with this book was that the author just presented the information but really didn't give a formula on how to buy foreclosures. It has no soul or spirit behind it.
If you want a "how to book" this book may not be the answer for you. This book is more of an overview of the topic. I recommend this book to people doing research on the topic or someone who just wants a general overview on the subject. What I mean is that, you will rarely read about the author's first hand experience with foreclosure. To tell you the truth, this book feels like a research paper or an article written by a college professor who has no real world first hand experience in the subject. I would recommend The Pre-Foreclosure Property Investor's Kit: How to Make M Buying Distressed Real Estate -- Before the Public Auction.
It left it up to the reader on how to go about it.
this book is a helpful guide. In digging into this book, the author continually quoted other books. That annoyed me quite a bit and kept me asking, "Why didn't I buy the other book." If you're starting off at "ground zero" and know nothing about mortgages, etc. It also contains concise explanations of different types of "legalese" and gives you places to look. Overall, a good place to start.
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